呷哺呷哺年报2023

Xiabuxiabu Catering Management (China) Holdings Co., Ltd.呷哺呷哺餐飲管理（中國）控股有限公司 於開曼群島註冊成立的有限公司）Incorporated in the Cayman Islands with limited liability（於開曼群島註冊成立的有限公司） 2023Annual Report 25810143342467594100101103105107 Corporate Information BOARD OF DIRECTORS Executive Director Mr. Ho Kuang-Chi(Chairman and Chief Executive Officer) Non-executive Directors Ms. Chen Su-YinMs. Li Jie Independent Non-executive Directors Mr. Hon Ping Cho TerenceMs. Cheung Sze ManMr. Kot Man Tat AUDIT COMMITTEE Mr. Hon Ping Cho Terence(Chairman)Ms. Li JieMr. Kot Man Tat NOMINATION COMMITTEE Mr. Ho Kuang-Chi(Chairman)Ms. Cheung Sze ManMr. Kot Man Tat REMUNERATION COMMITTEE Ms. Cheung Sze Man(Chairman)Mr. Ho Kuang-ChiMr. Hon Ping Cho Terence COMPANY SECRETARY Ms. Tam Shuk Wah Carrie(resigned on 16 January 2024)Ms. So Lai Shan(appointed on 16 January 2024) AUTHORIZED REPRESENTATIVES Mr. Ho Kuang-ChiMs. Tam Shuk Wah Carrie(resigned on 16 January 2024)Ms. So Lai Shan(appointed on 16 January 2024) Corporate Information REGISTERED OFFICE IN CAYMAN ISLANDS Cricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands PRINCIPAL PLACE OF BUSINESS IN HONG KONG Units 2205-07, 22nd Floor, Two Sky Parc51 Hung To RoadKwun TongKowloon, Hong Kong 51Two Sky Parc 222205-07 HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN THE PRC Suncun Industrial Development ZoneHuangcun TownDaxing DistrictBeijingPRC 555 Zizhu Digital HubNo.555 Dongchuan RoadWujing TownMinhang DistrictShanghaiPRC Corporate Information CAYMAN ISLANDS PRINCIPAL SHARE REGISTRARAND TRANSFER AGENT Conyers Trust Company (Cayman) Limited2901 One Exchange SquareConnaught PlaceCentralHong Kong Conyers Trust Company (Cayman) Limited2901 HONG KONG SHARE REGISTRAR 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong INDEPENDENT AUDITOR Deloitte Touche TohmatsuPublic Interest Entity Auditor registered in accordance withthe Financial Reporting Council Ordinance • HONG KONG LEGAL ADVISER Sidley Austin PRINCIPAL BANKS China Merchants BankSPD BankIndustrial BankFubon BankHSBCChina Construction Bank ir@xiabu.com INVESTOR RELATIONS E-mail: ir@xiabu.com www.xiabu.com COMPANY’S WEBSITE www.xiabu.com STOCK CODE 520 520 Definitions Financial Summary Financial Summary Chairman’s Statement Chairman of the Board 2520232023202312 3125%2023(i)(ii) This year marks the 25th anniversary of the establishment of theGroup. At present, the competition in the catering market is becomingincreasinglyfierce and consumption is weak.The consumptiondowngrade has had an impact on Coucou, which is positioned asa mid-to-high-end brand, resulting in a loss in its business. Undersuch external environment, the entire catering industry was severelyaffected in 2023. In the face of uncertain market changes and fiercecompetition, the Group still adheres to its original aspiration, strives forachievements in difficulties and reforms in opportunities. In 2023, withthe joint efforts of all staff of the Group and collaboration of variousbusiness divisions, the Group’s revenue for the year ended 31 December2023 increased by more than 25% as compared to the previous year,and the loss has narrowed as compared to the previous year. In 2023,the Company continued to optimise its management structure andoperation model, and achieved remarkable results in the followingaspects, which also laid a solid foundation for future operation anddevelopment, including (i) effectively reducing the average purchaseprice through consolidating and expanding the advantages of the supplychain in the industry; and (ii) effectively lowering labor cost throughmore scientific and efficient scheduling. At the same time, the Company Chairman’s Statement has also achieved good results in the continuous improvement of supplychain, overseas business layout and digital marketing management.With the continuous implementation of the strategy of expandingdomestic demand and effective investment by the Chinese governmentauthorities, the Group is confident that its business will improve in thefuture. In 2023, the Group’s “Returning to the Original Aspiration” reformhas achieved remarkable results after 3 years of steady progress.By fully leveraging the advantages of high-quality mini hotpot, wehave implemented a new model of “focusing on design instead ofbuilding materials” for restaurant investment, which has become thecornerstone of the Group’s development and expansion in the midst offierce competition. After 7 years of rapid expansion and development,Coucou will continue to refine its profitability and take the followingmeasures to lay a solid foundation for continuous improvement of itsoperation, including (i) accelerating the launch of new dishes, throughplanning the new product launch in the future half year to one yearin advance, a